What Type of Commercial Insurance Is Mandatory?

As a business operator in Collierville, TN, you have a number of worries and concerns that escape the notice of most people. One such worry concerns protecting yourself and your business in cases of liability. If your company owns or operates vehicles, then you need to add commercial insurance to this consideration. To make this easier, Brock and Poole Insurance Agency is here to demystify the requirements and necessities of this less-common type of coverage.

Minimum Requirements

Insurance requirements vary by state, and they change over time. As of the time of this writing, Tennessee is a modified comparative negligence fault state. That’s a lot of technical jargon to say that if your Tennessee business is involved in any incident that causes property damage or personal injury, you will be liable for payments. The amount of your liability is determined by how much of the accident is ruled to be your fault. But, even if you are only 1 percent at fault, you could be charged with paying.

Despite the risk that comes from operating in a modified comparative negligence state, your business is not legally obligated to purchase commercial insurance. You are free to take risks in this regard as you see fit.

Protecting Your Business

While you won’t break the law by skipping commercial insurance, it is a particularly dangerous decision in Tennessee. The state is pretty standard when it comes to property damage, but personal injury is a different story. Tennessee puts no hard cap on payment awards for personal injury. Since you could be on the hook even if your business or employee is only 1 percent at fault, this recommends a huge financial risk. Medical expenses, lost wages and anything else a crafty lawyer can tack onto a claim could be yours to pay.

So, if you want to get the right insurance for your business, you need sufficient liability coverage. The exact amount that you want will depend on your business’s assets and operations, but any business with commercial vehicles is considered to be in a higher risk category. Driving on the road puts you in frequent contact with situations that could spell trouble. We recommend you contact your Brock and Poole Insurance Agency representative to see what packages create the most affordable coverage options for businesses in Collierville, TN.


Do Hair Salons Need Commercial Insurance?

When it comes to making good money, one of the most commonly overlooked careers is that of a hairdresser. In fact, did you know that some hairdressers make upward of $45,000 a year? That’s quite a bit of money, especially when you own your own salon and you don’t have to pay to rent a hair station from someone else. As a hair salon owner, though, it is of the utmost importance that you take into account the various types of insurance you need to invest in, with one of them being commercial insurance. For now, let’s take a quick look at the benefits of commercial insurance for hair salons. 

With a commercial insurance policy, you will receive general liability insurance, which is extremely valuable to those who own a hair salon. With this type of policy, you will have coverage for claims related to libel or slander, negligence on the part of you or your employees, harm due to faulty products, and more. Another excellent reason to have this type of insurance is because it will provide coverage in the event that someone is injured on your business property. 

As the owner of a salon, you have unique circumstances that point toward the need of having commercial insurance. For example, if a customer was to endure severe burns because of a certain dye you used, then you may be responsible for covering the accompanying medical expenses. With a commercial insurance policy, you can have peace of mind in knowing you won’t have to dip into your own pocket to pay for these expenses. 

To learn more about commercial insurance for your salon, please contact Brock and Poole Insurance Agency serving the Collierville, TN area. 

3 Reasons to Purchase Commercial Insurance in Collierville, TN

Each business is different and therefore will have different insurance needs. However, there are a few general reasons why you need to invest in commercial insurance from Brock and Poole Insurance Agency serving Collierville, TN. When you learn what these reasons are, you will understand why this investment is so important. 

To Protect Your Business

If you are like most people, your business is your livelihood. As a result, you need to make sure that you have a means to protect it. For example, if someone were to fall at your business and suffer a traumatic brain injury, and it was determined that the fall was the result of your negligence (in some way) you would then be liable to pay for their medical bills and other legalities. If you don’t have commercial insurance, this could ruin you. However, with insurance, you have a way to pay a lawsuit and stay afloat. 

To Protect Your Employees

Any good business relies on its employees to keep it running. There are several types of insurance that business owners should have, with one of them being workers compensation insurance. This policy provides compensation for workers who are injured while on the job. If you don’t carry this type of coverage, your employees may begin to think you don’t care about their well-being, and this is another situation where you may be facing a lawsuit after an injury occurs. 

To Protect Your Customers 

If you don’t have customers, you don’t have a business. Make sure your customers are protected by having adequate general liability insurance. This provides protection for any situation where a customer may be injured or suffer damage to their property. 

As you can see, there are three good reasons that you need to invest in commercial insurance. Learn more about the policies available by contacting the staff at the Brock and Poole Insurance Agency serving Collierville, TN. 


Common Commercial Insurance Myths


Business owners are so busy these days making sure they work hard to bring in profit and make their businesses grow. Because of this, it’s easy to forget about details concerning commercial insurance. These details, even if they seem to be small, can be detrimentally costly. Thus, it’s important that businesses are aware of commercial insurance myths, so they won’t be terribly surprised. With concentrating on the state of Tennessee, the following include those common insurance myths: 

1.  Only doctors and lawyers need to be concerned with errors and omissions’ insurance. 

Again, this can be a grave mistake with this fallacy of thought. Any service provided for a fee has an E&O exposure. 

2.  I possess enough insurance coverage. 

Every business is unique in their business needs and risks. That is why it’s important to contact a reputable, experienced, and knowledgeable insurance company to ensure you have the right amount of coverage. 

3. Older agents are always more equipped.  

Just because older agents may have more experience doesn’t necessarily mean they all are more knowledgeable concerning this field 

4. There is no need for really small businesses to worry about lawsuits. 

Many think that businesses and people with deep pockets only need to worry about lawsuits, but anyone can get sued. So, just because you don’t generate enough revenue in your business, you still have to pay the judgment ruled against you via possible garnishments and seizing of assets and bank accounts.  To prevent this travesty, it’s vital to obtain the appropriate liability coverage amount.  Brock and Poole Insurance Agency, located in Collierville, TN, is the one to turn to concerning your insurance needs. 

5.  Obtaining a Business Insurance quote shouldn’t take long. 

With the brainwashing of insurance commercials and instant access at our fingertips through search engines,  many tend to think that it’s quick and easy to get a business quote in minutes. However, a good insurance agent will take the time to consult with you concerning a full depths of your business and the risks associated with it. 


If you living in the Collierville, TN or surrounding areas, Brock and Poole Insurance Agency is the one to turn to you with all your commercial insurance needs. So, contact them today, and you will be in good hands. 

How much life insurance do I need?

Despite the challenge of planning for life after death, many clients come to us at Brock and Poole Insurance Agency in Collierville, TN, in hopes of doing exactly that. Caring for dependents and other loved ones requires careful planning and conversations that are difficult for most. One of the most common insurance-related questions we receive is, “How much life insurance do I need?”

Because the answer is highly individual, we meet with each client face to face to discuss their current situation, their goals in purchasing life insurance, and their questions and concerns. Some of the most important things to take into consideration when planning for life insurance include:

  • What are your goals? What are you hoping to achieve in purchasing life insurance?
  • Whether you really need life insurance. If you don’t have dependents or debt, you may not need a life insurance policy.
  • Which debts might be outstanding upon your death if you were to pass away today, in five years, or in 20 years.
  • Which assets your family would have access to upon your passing, not including those they would need to keep in order to live comfortably, such as your home.
  • How much income is required monthly to run your current household.
  • How many dependents you have and how old they are.
  • Whether your spouse works and how much he or she earns.

By exploring your personal goals and current financial standing, we can assist you in selecting a policy that provides the comfort and security you want for your family long after you pass away. Because insurance regulations vary significantly from state to state, choosing an agent in Tennessee is important in protecting your future.

To learn more, contact Brock and Poole Insurance Agency in Collierville, TN, today!


Common Mistakes When Purchasing Home Insurance

Buying home insurance is an important way of keeping a home safe from damage, but many Collierville, TN residents don’t fully understand the buying process. That’s why we’re here to point out some common mistakes and why they should be avoided when buying home insurance.

Focusing Only On The Policy Cost

Trying to save money on policies by getting the cheapest possible one is a major mistake. Why? It often leaves you with inadequate coverage that may leave your home at serious risk. For example, if you fail to buy a “valuables insurance” coverage option, your collection of rare comic books will not be covered if they are destroyed in a fire.

Ignoring Flood Insurance

On that same note are the problems that occur if you ignore flood insurance. Floods in Tennessee are common due to the heavy rains in spring and fall, making it necessary to invest in this important additional coverage. Even if you’re in a low-risk area, a full 25 percent of all flood claims come from areas considered to be at a “low risk” for flood damage.

Failing To Check For Policy Updates

People who purchase home insurance need to ensure they have followed the latest policy updates. For example, people who buy a policy and then add a major change to their home, such as a pool or a second story, need to update their policy to cover these new additions to their home.

Making “Renters Insurance” Mistakes

If you rent out a home, its inhabitants need to get their own renters insurance to cover their belongings. Your policy will only cover your personal items in the home, as well as the home. This is a serious mistake because it can leave your renters in a precarious situation and may even lead to angry and financially devastating lawsuits.

Finding The Best Policy For Your Needs

Collierville, TN residents that want to avoid these simple mistakes should turn to Brock and Poole Insurance Agency. They offer a variety of great coverage options that can make your home insurance situation that much easier to manage.

Preparing for the Autumn in Collierville, TN

If you live in Collierville, TN, there are many things that you should keep in mind in terms of home insurance. In the state of Tennessee, the seasonal changes are not too extreme. However, you should still make sure that you prepare for the seasonal changes that do occur and prepare for the autumn and impending winter.

There are many things that you should do to prepare for the cooler weather that is coming. Your house will be under more stress because of the weather, as well as the consequences of that weather. You should make sure to clean out any leaves and other debris from the gutters, so that the gutters are not clogged. If they are clogged, this could cause damage to your water drainage systems, costing you money that is not going to be covered by your policy. You should also make sure that water pipes in areas that are exposed to cold temperatures are insulated, as any damage to these pipes will not be covered by your home insurance policy if they can show that you did not make an effort to keep your home adequately heated. You should also have sandbags that are ready in the event of a flood. Unless you have flood insurance, a flood will not be covered. Home insurance policies do not generally cover flooding. There are several more things that you should keep in mind, and you should look to your home insurance policy for a comprehensive idea.

If you want to make sure that you have all the information you need about home insurance as it applies to the autumn season in Collierville, TN, you should feel free to contact Brock & Poole Insurance Agency, Inc. The agents at Brock & Poole Insurance Agency, Inc. have the expertise to be able to give you any information you would want and answer your questions about home insurance in the state of Tennessee.

Tennessee Commercial Insurance

Owning a business can mean the freedom to be your own boss, the joy of serving others and the satisfaction of personal success. In some circumstances, however, it can also mean unique legal issues and liability concerns. At Brock and Poole Insurance agency, we understand the legal needs of Tennessee business owners, and help our clients deal with these contingencies every day through appropriate commercial insurance coverage.

Depending upon the type of business or attraction you own and/or manage, your commercial insurance coverage needs may vary. For businesses like small retailers and general services (accounting, dry cleaning, etc.), your commercial insurance coverage may focus predominantly on general liability coverage and protection from things like product liability, libel, slander, property damage, etc. An amusement park or fitness center business, for example, may require more advanced coverage that protects you in the case that one of your patrons is injured or otherwise harmed on your property. If you own a home-based business, you may also be surprised to learn that certain business-related aspects may not be covered by your homeowner’s insurance (or even by available homeowner’s insurance riders). 

Because of the variability of coverage based on the type of business activities, products and services you provide, it is important to discuss all possible legal concerns and coverage options with an expert insurance agent. If you are a Tennessee business owner or are considering opening a commercial enterprise in the Collierville, TN area, make sure that you’re appropriately insured. The knowledgeable agents at Brock and Poole Insurance Agency can help you identify the best commercial insurance coverage policy for your needs at the right price for your wallet. 

Types of Motorcycle Insurance

It is essential that any operating vehicle, be it car or motorcycle, be properly insured before it takes to the road. That being said, finding the right insurance coverage can be difficult and confusing.  Brock and Poole Insurance Agency can help you understand the levels of coverage that are available and decide which level of insurance is right for you.

There are several different coverage options when it comes to motorcycle insurance just as there are with car insurance. The first and most obvious is going to be full coverage. This is going to be required in most states if you have a lien against the bike and owe money to any lending agency for it. This is to protect the interest of the company that loaned you the money.

If there is an accident, full coverage will cover the cost of the loan so that you can purchase another vehicle and so that no one loses a ton of money. Most full coverage policies are also going to have specific options like paying medical bills, how much money is paid out in the event that the bike is totaled and so on. You can find out more about this specific type of coverage for your state from your insurance agent.

The other common type is liability insurance. This is only going to cover a certain amount of money and will help take care of your medical bills and of the bills of the person that is involved in a crash with you. This is going to be the type of insurance you may have if you buy the bike outright and owe no money on it.

No matter what type of insurance coverage you opt for, it is always easier if you have an agent on your side to help you get through the process. 

Tips For Prepping for Summer Boating

Summer is a great time for many people. There are more things to do as the days get longer and the temperature heats up. A popular thing to do, especially if you live by the water, is to spend a lot of time on your boat. While you may want to get out there right now because it is a great day, there are a few things you need to do in order to prep your boat for summer fun. Use our tips to get started so you can have a great summer on your boat.

  • Get a tune up on your boat. If you have been letting your boat sit all winter, then you should probably get a tune up to make sure everything is working well. 
  • Check your battery. Another thing to check if your boat has not gotten any use is the battery. Make sure it has enough charge and if it doesn’t, you may want to get a new one. This is also true if you o a few weeks in between uses this summer. 
  • De-winterize your boat. If you winterized your boat before winter, you need to de-winterize before you use it.
  • Make sure you have your safety supplies on board. Make sure you have life jackets that are in good shape. Check your fire extinguisher. Make sure your first aid kit is stocked. We know you don’t want to use it but you need to have it ready just in case. 

Even with all of the prepping, if you do not have a good boat policy, you should not be out on your boat. To explore your boat policy options or even take a look at your current policy, please contact us at Brock and Poole Insurance Agency. We will be happy to assist you.